ERNA.L vs. SUSU.L
ERNA.L (iShares USD Ultrashort Bond UCITS ETF USD (Acc)) and SUSU.L (iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist)) are both Corporate Bonds funds from iShares tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, ERNA.L returned 3.77%/yr vs 2.85%/yr for SUSU.L. At a 0.18 correlation, their price movements are largely independent. ERNA.L charges 0.09%/yr vs 0.12%/yr for SUSU.L.
Performance
ERNA.L vs. SUSU.L - Performance Comparison
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Returns By Period
In the year-to-date period, ERNA.L achieves a 1.64% return, which is significantly higher than SUSU.L's 1.03% return.
ERNA.L
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.64%
- 6M
- 1.95%
- 1Y
- 4.36%
- 3Y*
- 5.21%
- 5Y*
- 3.77%
- 10Y*
- —
SUSU.L
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 1.03%
- 6M
- 1.48%
- 1Y
- 4.18%
- 3Y*
- 5.15%
- 5Y*
- 2.85%
- 10Y*
- —
ERNA.L vs. SUSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 1.64% | 4.75% | 5.66% | 5.50% | 1.46% | 0.11% | 1.27% | 3.19% | 0.09% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 1.03% | 5.50% | 5.39% | 5.24% | -2.13% | -0.20% | 3.23% | 4.25% | 0.28% |
Correlation
The correlation between ERNA.L and SUSU.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.18 |
The correlation between ERNA.L and SUSU.L shifts across timeframes, from 0.18 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ERNA.L vs. SUSU.L — Risk / Return Rank
ERNA.L
SUSU.L
ERNA.L vs. SUSU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) and iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ERNA.L | SUSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 2.31 | 1.63 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 21.10 | 6.38 | +14.72 |
| Martin ratioReturn relative to average drawdown | 82.85 | 28.73 | +54.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ERNA.L | SUSU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.65 | 3.00 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.03 | 0.98 | +3.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.93 | +0.50 |
Drawdowns
ERNA.L vs. SUSU.L - Drawdown Comparison
The maximum ERNA.L drawdown since its inception was -8.63%, roughly equal to the maximum SUSU.L drawdown of -8.33%. Use the drawdown chart below to compare losses from any high point for ERNA.L and SUSU.L.
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Drawdown Indicators
| ERNA.L | SUSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.63% | -8.33% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.65% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.38% | -1.36% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -0.81% | -4.60% | +3.79% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.63% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.14% | -0.09% |
Volatility
ERNA.L vs. SUSU.L - Volatility Comparison
The current volatility for iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) is 0.30%, while iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L) has a volatility of 0.46%. This indicates that ERNA.L experiences smaller price fluctuations and is considered to be less risky than SUSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNA.L | SUSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.46% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.11% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.93% | 1.39% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.93% | 2.90% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.17% | 3.23% | -1.06% |
ERNA.L vs. SUSU.L - Expense Ratio Comparison
ERNA.L has a 0.09% expense ratio, which is lower than SUSU.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ERNA.L vs. SUSU.L - Dividend Comparison
ERNA.L has not paid dividends to shareholders, while SUSU.L's dividend yield for the trailing twelve months is around 4.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 4.49% | 4.60% | 4.71% | 4.01% | 1.59% | 0.82% | 2.24% | 2.90% |
Frequently Asked Questions
ERNA.L and SUSU.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNA.L is cheaper with a 0.09% expense ratio, compared with 0.12% for SUSU.L.
Both ETFs track Bloomberg US Corp 1-3 Yr TR USD. Their fees differ too: 0.09% for ERNA.L and 0.12% for SUSU.L.
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